Fair-trade regulator Competition Commission of India (CCI) on Thursday said it has given approval under the green channel route to Abu Dhabi Investment Authority for acquiring a stake in Lenskart Solutions Pvt Ltd (LSPL). Under the green channel route, wherein a transaction, which does not raise any risk of an appreciable adverse effect on competition, [...]
Markets regulator Sebi has settled with Morgan Stanley France SA a case of an alleged violation of securities norms after payment of a settlement amount. The matter pertains to certain trades in long-dated Nifty options between Reliance Strategic Investments Ltd and Morgan Stanley France SA done back in 2017. The case has been settled upon [...]
IT services and consulting firm Accenture will lay off 2.5 per cent or 19,000 employees over a period of the next one and half years, the company said in a regulatory filing. Accenture currently employs over 7 lakh people and is estimated to have the largest employee base of 3 lakh people in India. "While [...]
Anil Agarwal-led Vedanta Ltd on Thursday said its board will next week consider and approve the fifth interim dividend for FY'23. The announcement comes days after Vedanta Resources which is a majority shareholder of Vedanta Ltd stating that it has enough means to meet debt repayment liabilities in the coming quarters as it looked to [...]
Benchmark indices Sensex and Nifty declined in early trade on Friday amid a weak trend in Asian markets and fresh foreign fund outflows. Weak trend in index major Reliance Industries also dragged benchmark indices lower. The 30-share BSE Sensex declined 123.03 points to 57,802.25. The broader NSE Nifty fell 61.1 points to 17,015.80. From the [...]
Power Grid Corporation of India Ltd. (PGCIL) is a ‘Maharatna’ status public sector company (PSU) under the Ministry of Power, Government of India. The government holds a 51.34% stake in this CPSU which is engaged in the business of power transmission. It is the largest electric power transmission utility in India with a transmission network [...]
Srinivasan Services Trust, the social arm of automobile major TVS Motor Company and auto-component maker Sundaram-Clayton Ltd, has invested more than Rs 21 crore over the last six years towards water conservation efforts in Tamil Nadu and Maharashtra, the company said on Thursday. Srinivasan Services Trust has also planned to invest over Rs 10 crore [...]
As part of the Digital India programme, the National Minorities Development and Finance Corporation (NMDFC) on Thursday launched software MILAN for digitising loan and accounting processes. The prime mandate of NMDFC, which comes under the minority affairs ministry, is to provide concessional finance to the minorities for self-employment/income generation activities. As per the National Commission [...]
Polar Capital Funds Plc, on Wednesday, offloaded shares of hospital chain ‘Krishna Institute of Medical Sciences Ltd’ (KIMS) worth about Rs 144 crores through an open market transaction. According to the filing with the NSE, Polar Capital Funds Plc sold 11,05,934 shares which is equivalent to around 1.38 percent stake in the company. The shares [...]
TRAI is scheduled to meet telecom companies on March 27 on the development and implementation of Unsolicited Commercial Communication (UCC) detect solutions, as the regulator continues its offensive against pesky marketing calls and messages. The Telecom Regulatory Authority of India (TRAI) further said that the exploitation of the DLT (Distributed Ledger Technology) platform to bring [...]
